Love Helps

Analysis

Love Helps is a registered charity in United States, based in Goodlettsvlle, TN. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Love Helps reported income of $244k and spending of $260k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $112k to $244k (+118%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 255%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love Helps sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Detour Company Theater Inc ($244k), Abc-123 Human Resources Inc ($244k) and United Heritage Charity Foundation Inc ($244k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $162k (62% of expenses). It paid $6,000 in professional fundraising fees. At year end it held assets of $326k against liabilities of $8,570, net assets of $317k. It reported 2 employees.